The Citi Diamond Preferred card — a top choice for balance transfers — is offering a rare $150 sign-up bonus, but only for a limited time
Normally, the Citi Diamond Preferred doesn't have a welcome offer, and it's a great choice if you're looking for an extra-long introductory 0% APR.
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Citi; Gilbert Espinoza/Business Insider
- The
Citi® Diamond Preferred® Credit Card comes with an excellent introductory 0% APR offer. - It doesn't normally have a sign-up bonus, but right now, you can earn a
Citi® Diamond Preferred® Card . - The card doesn't earn rewards for spending, but the new welcome offer makes it more appealing.
- Read Insider's guide to the best rewards credit cards.
Disclaimer: Citi is an Insider advertising partner.
Using a credit card with a long introductory 0% APR is a great way to consolidate debt or save interest on large purchases you want to pay off over time. The no-annual-fee
The downside: The
The addition of a welcome offer makes the
Here's what you need to know about the
Citi Diamond Preferred $150 sign-up bonus
Along with a limited-time bonus of a
New cardholders get a
Read more: Citi Diamond Preferred card review
Although there are plenty of cards that offer a longer intro APR on purchases, only a handful of others offer 21 months of 0% interest on balance transfers, including the
Taking advantage of a 0% intro APR on balance transfers can give you some breathing room if you have other high-interest credit card debt you want to consolidate and pay down. As long as you make the minimum payment each month, you won't be charged interest for the duration of the offer — and if your balance is large, this can translate into hundreds of dollars in savings.
This card could also fit your strategy if you have a big or unexpected purchase you can't pay off all at once. With its intro APR on purchases, you'll get 12 months of 0% interest (provided you make the minimum payments) which can save you a significant amount of cash.
Consider other cards if you want a long 0% APR on purchases
If an intro APR on new purchases is what you're after, be sure to look at other no-annual-fee cards with a long 0% APR introductory period that also offer a bonus and earn rewards. For example:
Credit card | 0% APR offer | Welcome bonus | Rewards rate |
5% cash back (5x points) on travel purchased through Chase Ultimate Rewards 3% cash back (3x points) on dining and drugstore purchases 1.5% cash back (1.5x points) on everything else | |||
5% cash back (5x points) on travel purchased through Ultimate Rewards 5% cash back (5x points) on up to $1,500 in purchases each quarter in rotating bonus categories when you activate, then 1% 3% cash back (3x points) on dining and drugstore purchases 1% cash back (1x points) on everything else | |||
3% back at US supermarkets* 2% back at US gas stations 1% back on all other purchases | |||
1.5% cash back on all purchases | |||
3% cash back on dining, grocery stores, entertainment, and streaming services 1% cash back on all other purchases | |||
5% cash back on up to $500 spent in your top eligible spending category*** each billing cycle (then 1%) 1% cash back on all other purchases |
*3% back on the
***eligible 5% cash back categories on the
The right card for your situation really depends on why you want to use a 0% APR offer. If it's for a balance transfer, and earning rewards isn't as important to you, the